Bitcoin (BTC) Price Ahead of Eid: Ready to Break $80,000? Here’s the Analysis!

Updated

March 18, 2026

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Gambar Bitcoin (BTC) Price Ahead of Eid: Ready to Break $80,000? Here’s the Analysis!

Jakarta, Pintu News – Bitcoin is back in the spotlight after breaking through the highest level in the last month and a half. The price surge has sparked renewed optimism in the crypto market, especially among investors who have been waiting for a significant recovery.

Strong support from long-term holders is the main foundation that sustains this positive trend. Now, the big question that arises is: Can Bitcoin (BTC) continue this momentum to break the psychological $80,000 mark?

Recovering Market Confidence: Long-Term Holder is Key

One important indicator that shows an improvement in market conditions is the Net Unrealized Profit and Loss (NUPL) of Bitcoin (BTC). The latest data shows that the NUPL has improved from -26.6% to -21.9%, signaling a decrease in on-paper losses for investors.

Although still in the negative zone, this improving trend indicates that financial stress is beginning to ease among asset holders. Each increase in NUPL brings the market closer to neutral, which has historically favored a sustained rise in Bitcoin (BTC) price. The gradual improvement in the holder position reflects a market that is in the process of recovery, not regression.

A decrease in unrealized losses means that fewer investors are forced to sell their assets at a discount. If the NUPL trend continues to move towards zero, the demand environment will be more conducive to pushing Bitcoin (BTC) to higher levels. This is a positive signal for market participants who are looking forward to the next rally.

Also read: Ripple (XRP) Breaks Record: 7.7 Million Active Users, Price Soars!

Liveliness Down: Long-Term Holder Accumulation Signal

In addition to NUPL, the Liveliness metric also shows a very positive development for Bitcoin (BTC). Over the past month, Liveliness has been steadily declining, signaling that long-term holders prefer to accumulate rather than sell their assets. This decrease in Liveliness directly reduces the supply of Bitcoin (BTC) circulating in the market, thus creating gradual upward pressure on the price.

Currently, Liveliness is at its lowest point in the past four months, being one of the most powerful bullish signals in Bitcoin’s (BTC) current on-chain state. Long-term holders are known as the backbone of the Bitcoin (BTC) market structure, and their accumulation behavior is often a harbinger of significant price increases.

With accumulation continuing, the opportunity for a price spike is wide open. This metric reinforces the belief that the positive trend will continue in the near future.

Technical Pressure and $80,000 Target: Is it Realistic?

Bitcoin (BTC) is currently trading at around $73,915, holding above the crucial $74,000 support level. The successful break and hold above the 50-day Exponential Moving Average (EMA) is an important technical signal confirming the short-term trend change to a bullish direction. With the next target at $75,000, the main focus of the market is now on the possibility of Bitcoin (BTC) breaking $80,000, which would mean an increase of about 8% from the current price.

In the past week, Bitcoin (BTC) has registered a gain of 8%, proving the momentum capacity needed to reach the target. If bullish conditions are maintained, a test of the $80,000 level is highly likely before the end of March.

However, the Money Flow Index (MFI) indicator that has broken 73.5 needs to be watched, as if it crosses 80.0, overbought conditions could trigger a price correction to $70,552 and thwart the $80,000 target. Therefore, market participants need to watch the technical and on-chain dynamics simultaneously.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

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